The cost to set up an LLC or Corp through an online reputable company is about $500... which entity is your choice and my advice would be to ask your CPA or Attorney....
The company I chose did the whole process for only about $250. PM if you would like the name. My state had a website where you could download forms to incorporate and the cost was only $90.
Once you've dtermined what entity is best suited to your needs, I'd suggest you call your Sec. of State office in your state. I recently set up an LLC in NH. It cost me about 30 min at the Sec. of States office, $85.00 fee and one form that I had my accountant FAX to me which I completed.
Good luck
Just a thought but I would hold rentals under the same LLC as I would flips due to dealer status. Talk to your accountant. If you use a LLC for flipping properties than you to pay self employment taxes. I would talk to an accountant first than an attorney. All the insurance in world will do you no good if your entities are piercable...
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The cost to set up an LLC or Corp through an online reputable company is about $500... which entity is your choice and my advice would be to ask your CPA or Attorney....
Thank u.
The company I chose did the whole process for only about $250. PM if you would like the name. My state had a website where you could download forms to incorporate and the cost was only $90.
Best of Luck!
If you can do it yourself it will only cost you 87 dollars. I had someone print me out the forms, I filled them out and that was that.
Once you've dtermined what entity is best suited to your needs, I'd suggest you call your Sec. of State office in your state. I recently set up an LLC in NH. It cost me about 30 min at the Sec. of States office, $85.00 fee and one form that I had my accountant FAX to me which I completed.
Good luck
Thanks to all
Just a thought but I would hold rentals under the same LLC as I would flips due to dealer status. Talk to your accountant. If you use a LLC for flipping properties than you to pay self employment taxes. I would talk to an accountant first than an attorney. All the insurance in world will do you no good if your entities are piercable...
Opps i would NOT hold rentals under the same LLC as flippers (forgot the NOT).
Good luck...